Post Utme Uniben 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Uniben Accounting examination.

Post Utme Uniben 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦20,000, Accounts Payable ₦50,000, Common Stock ₦100,000. Prepare the company's statement of stockholders' equity.

Answer Options

Correct Answer A. Common Stock ₦100,000, Retained Earnings ₦0, Dividends ₦0
B. Common Stock ₦100,000, Retained Earnings ₦0, Dividends ₦0, Treasury Stock ₦0
C. Common Stock ₦100,000, Retained Earnings ₦0, Dividends ₦0, Treasury Stock ₦0, Additional Paid-in Capital ₦0
D. Common Stock ₦100,000, Retained Earnings ₦0, Dividends ₦0, Treasury Stock ₦0, Additional Paid-in Capital ₦0, Foreign Currency Translation Adjustment ₦0
Correct Answer
A
Correct Option:
Common Stock ₦100,000, Retained Earnings ₦0, Dividends ₦0

About This Question

This is Post Utme Uniben 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Uniben Accounting examination.

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